cnbc_topnews

Todd Blanche attorney general nomination on edge as Cornyn questions Trump-IRS settlement

📰 source: cnbc_topnews · 💼 business

todd blanche's nomination for attorney general is in jeopardy after key republican senator john cornyn canceled a second meeting to address concerns over the trump-irs settlement. cornyn wants written assurances that the settlement's provisions shielding trump from irs audits are limited. the senate judiciary committee is set to vote thursday, and cornyn's vote is needed for blanche to advance. cornyn said he's "not prepared to vote yes" and that another republican, thom tillis, shares his concerns. the settlement resolved trump's lawsuit over leaked tax records and included a $1.8 billion fund that blanche says he canceled. cornyn and tillis want a written guarantee the fund cannot be revived. both senators are leaving the senate in january, giving them political freedom to oppose trump's pick.

why it matters: nomination hinges on cornyn's demand for written limits on trump irs audit shield, potentially blocking trump's attorney general pick in gop-controlled committee.

source: cnbc_topnews
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Trade court upholds Trump's closure of 'de minimis' loophole

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BAE Systems to pay $36m penalty after 104 violations of US arms export rules